** Stock-market indexes broke out, and rallied from their
recent consolidation areas. The Dow Jones and
Nasdaq 100 closed at new highs for the year, while
the S&P 500 is not too far behind. The Russell 2000
put in an impressive rally percentage wise (+2.39%),
but still has some ways to go before challenging its
2007-highs at approx. 855. (today's close: 827.74 )
The uptrend remains intact in the markets: here are
the new support levels:
SPX - 1530
RUT - 820 (82 on the IWM etf; which closed today at 82.03 )
NDX - 2100
INDU - 13900
Happy trading,
Mkt Swimmer
2 comments:
IMB, a mortgage stock, why?.
Stocks move tracks earning potential in future. Low PE, high instution ownership, high short interest ratio.
Swimmer
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